The biggest bubble in the world right now is the market for US Treasuries. There is $17 trillion of negative yielding sovereign bonds worldwide today. When the music stops, who will be left with a chair? Fundamentals don't matter until they do. This is the first sovereign debt crisis in 100 years, and no one is paying attention. The release valve is the currency. #sovereigndebtbubble

You can't print your way to prosperity. If printing money via quantitative easing actually worked to create a more prosperous society, the Roman Empire would still exist today. Instead, their Empire collapsed along with their currency, and Gresham's law prevailed. We have failed to learn the lessons of history, and now they will repeat, this time with the USA.

Since gold is so highly negatively correlated to real rates, the gold price is now a barometer of the solvency of the United States government. The higher real rates go, the lower gold goes, and the closer the US Gov is to declaring insolvency. The US Gov is so heavily indebted that it cannot afford real rates to rise significantly. It is obvious that they will be forced to implement yield curve control, thereby pinning gov. bond rates below the inflation rate, to eat away at their debt. This will result in negative real yields for several years, if not decades, causing the greatest bull market in gold the world has ever seen.

The entire field of Keynesian economics is based on a completely shoddy premise: That the world needs inflation. And yet there is no empirical evidence which suggests that under a deflationary monetary system consumers would defer their purchases in order to wait for cheaper goods in the future. Technology is inherently deflationary. If Central Banks stop fighting it, we can live in a prosperous world of abundance. Instead, they believe in non-sense concepts like the wealth effect - i.e. print a bunch of money to artificially inflate house prices and stocks, leading to enormous wealth inequality = more social unrest = eventual revolution/war. This is the greatest issue of our time, and one which very few people understand. There is nothing new under the Sun. Printing money does NOT work!